Alecta freezes payment of client-company funds

Alecta freezes payment of client-company funds As a consequence of the general trend of the stock exchange, Alecta has decided, effective as of October 3, to temporarily freeze all use of client-company funds. Payments approved by Alecta through October 2 will be made as scheduled. Additional information will be provided on October 31. During the freeze period, Alecta will not conduct any matching in the marketplace. Nor will Alecta implement any transfers of appropriation rights to allocated funds. For further information, contact: Lars Otterbeck, President, Alecta +46 8 441 66 60 Cecilia Schön Jansson, Senior Vice President, Corporate Communications, Alecta +46 8 441 93 50, +46 70 526 93 50 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/03/20021003BIT00200/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/03/20021003BIT00200/wkr0002.pdf

About Us

Alecta offers the occupational pension ITP – a pension that is paid for by the employer. We manage assets of almost SEK 420 billion. Our clients and owners are 27,000 companies and 1.6 million private individuals. Alecta’s assignment comes from the Confederation of Swedish Enterprise and the Federation of Salaried Employees in Industry and Services (PTK). Our cost-effective solutions and service allow employers to provide their employees with financial security both during and after their working lives. Through the disability insurance that is included in ITP, we can also increase client companies’ awareness of the correlation between health and profitability. We offer a financial security benefit that suits most people and seek to set the standard for high returns and low costs.